LinkedIn beats the street, reports revenue of $363.7 million in second quarter


LinkedIn again posted a solid earnings quarter, beating analyst estimates and showing further growth in both users and revenue. The company posted its second quarter earnings on Thursday, reporting revenue of $363.7 million, which beats analyst expectations of $353.85 million. The company saw second-quarter earnings of $0.38 per share excluding one-time charges, compared to analyst expectations of $0.31 per share.

The revenue $363.7 million demonstrates an increase of 59 percent over revenue from the same quarter last year, which was $228.2 million. The company reported $3.7 million in net income and non-GAAP net income of $44.5 million, which translated to earnings per share of $0.38 per share.

LinkedIn saw an increase in the number of registered users this quarter, jumping to 238 million people, representing a 37 percent increase year-over-year. This is up slightly from the 225 million registered users reported in July, but it still doesn’t tell the whole story on…

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